The Owais Metal and Mineral Processing IPO started on February 26, 2024, and ended on February 28, 2024. Shares were allocated on February 29, 2024, and refund processes began on February 1, 2024. On February 1, 2024, the shares were credited to investors demat accounts. Owais Metal and Mineral Processing was officially listed on the stock exchange on February 4, 2024.
During the IPO, Owais Metal and Mineral Processing offered shares at a price range of ₹83 to ₹87 per share, and the lot size was 1600 shares. The total issue size was ₹42.69 crores, with ₹42.69 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Owais Metal IPO Subscription Update Video
Owais Metal and Mineral Processing IPO Subscription Status
The Owais Metal and Mineral Processing IPO on February 28, 2024 was subscribed 221.18 times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed 329.36 times, the QIB (Qualified-Institutional Buyers) category being subscribed 92.06 times.
| Category | Subscription |
| QIB | 92.06x |
| NII | 329.36x |
| Retail | 248.50x |
| Total | 221.18x |
Owais Metal IPO Basic Details
| Company Name | Owais Metal and Mineral Processing Limited |
| Domain of Company | Production and Processing of Metals and Minerals |
| Owais Metal and Mineral Processing IPO Open Date | February 26, 2024 |
| Owais Metal and Mineral Processing IPO Close Date | February 28, 2024 |
| Owais Metal and Mineral Processing IPO Allotment Date | February 29, 2024 |
| Owais Metal and Mineral Processing IPO Listing Date | March 4, 2024 |
| Face Value | ₹10 per share |
| Price | ₹83 to ₹87 per share |
| Lot Size | 1600 Shares |
| Issue Size | 4,907,200 shares of ₹10 (aggregating up to ₹42.69 Cr) |
| Fresh Issue | 4,907,200 shares of ₹10 (aggregating up to ₹42.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr. Saiyyed Owais Ali, Mr. Sayyad Akhtar Ali, and Mr. Saiyyed Murtuza Ali |
About Owais Metal and Mineral Processing Limited
Owais Metal and Mineral Processing Limited started in 2022 and focuses on making and refining metals and minerals. Before becoming a company, it was run by Mr. Saiyyed Owais Ali as a sole proprietorship named M/s Owais Ali Overseas.
Our company makes and processes various products, including:
- Manganese Oxide (MNO): Used in fertilizers and manganese sulfate plants.
- MC Ferro Manganese: Used in the steel and casting industry.
- Charcoal Production: Used in furnaces for industries needing high heat, like the steel industry.
- Processing minerals like ferroalloys, quartz, and manganese ore: Used in hotels, tile and ceramics, glass, interior design, and furniture industries.
We deliver our products to Madhya Pradesh, Maharashtra, Punjab, Delhi, and Gujarat. Our manufacturing facility is in Meghnagar, Madhya Pradesh, with 25 permanent employees as of December 31, 2023.
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Owais Metal and Mineral Processing IPO FAQs
What is the start and end date of Owais Metal and Mineral Processing IPO Subscription?
The Owais Metal and Mineral Processing IPO started on February 26, 2024, and ended on February 28, 2024.
When does Owais Metal and Mineral Processing IPO Subscription open?
The Owais Metal and Mineral Processing IPO open on February 26, 2024.
When does Owais Metal and Mineral Processing IPO Subscription close?
The Owais Metal and Mineral Processing IPO Close on February 28, 2024.
What is the allotment date of Owais Metal and Mineral Processing IPO?
The allotment date for Owais Metal and Mineral Processing IPO is February 29, 2024.
When is the initial refund date of Owais Metal and Mineral Processing IPO?
The initial Refund date for Owais Metal and Mineral Processing IPO is February 1, 2024.
When were the shares credited to investors demat accounts for the Owais Metal and Mineral Processing IPO?
The shares for the Owais Metal and Mineral Processing IPO were credited to investors demat accounts on February 1, 2024.
When will Owais Metal and Mineral Processing IPO be listed on the stock market?
Owais Metal and Mineral Processing IPO stock market will be listed on February 4, 2024 at 10 am.
What was the price range of the Owais Metal and Mineral Processing IPO shares?
The Owais Metal and Mineral Processing IPO shares were offered at a price range of ₹83 to ₹87 per share.
What was the lot size for the Owais Metal and Mineral Processing IPO shares?
The lot size for the Owais Metal and Mineral Processing IPO shares was 1600 shares.
What was the total issue size of the Owais Metal and Mineral Processing IPO?
The total issue size of the Owais Metal and Mineral Processing IPO was ₹42.69 crores.
How were the shares allocated among different types of investors for the Owais Metal and Mineral Processing IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Owais Metal and Mineral Processing IPO listed?
The Owais Metal and Mineral Processing IPO was listed on the NSE SME.
What is the Owais Metal and Mineral Processing IPO Subscription Status?
Owais Metal and Mineral Processing IPO is subscribed 221.18 Times.
